martes, 29 de enero de 2008

Chile is 2nd biggest basic goods consumer in latin america

The average Chilean family spends US$66 per month on personal and home products, food, and beverages, according to a recent LatinPanel Research Study. Mexico leads the poll with average home spending of US$86 per month. Argentina trails Chile at US$34.

The study also revealed different overall spending patterns among citizens of differing socioeconomic backgrounds. For example, Peru’s richest spend twice what its middle class spends - US$457 versus US$237. Chilean households show a similar pattern - the higher- income homes spend US$684 while the lower- income homes spend US$433.

In Mexico and Venezuela the spending gap between rich and poor is smaller. “In Mexico all homes spend a lot and are preoccupied with labels,” stated researchers from study. Mexico’s high-income homes spend US$860 per month while lower income homes spend US$709.

The study was taken the first nine months of 2007 and considered 33,000 households in 15 Latin American countries.

Publication: Santiago Times
Provider: Chip News
Date: January 29, 2008

jueves, 24 de enero de 2008

Chile: Suez, GNL Mejillones ink supply deal

The GNL Mejillones JV formed by Chiles state copper company Codelco and multinational energy company Suez Energy International (SEI) has signed an LNG supply contract with Suez for the LNG plant being built in Mejillones port. According to the deal, Suez will supply the JV with enough LNG to generate 400MW of thermo capacity from 2010-12. GNL Mejillones is investing nearly US$500mn in the project that will give Chiles northern grid (SING) greater security in the wake of natural gas restrictions from Argentina. The plant, fast-tracked for completion by the end of 2009, will use a temporary regasification tanker and initially will be able to degasify 5.5Mm3/d of natural gas. Three-year contracts have already been signed with miners Codelco, Escondida, Collahuasi and El Abra to supply gas to power 450MW of capacity.

Publication: Euclid Infotech - Utilities News
Provider: Euclid Infotech
Date: January 25, 2008

jueves, 17 de enero de 2008

Chile ranks as the 8th most open economy in the world

For the fourth year in a row Chile ranks as the 8th most open economy in the world, according to a yearly study by the conservative, U.S.-based Heritage Foundation.

The study ranked Chile third among the 29 countries in the Americas, outpaced only by the U.S. and Canada. Countries outside the Americas that rank above Chile included Hong Kong, Ireland, Australia, Singapore, and New Zealand.

The Heritage foundation study uses ten economic variables to determine rank, including trade freedom, investment freedom, and property rights. The foundation also collaborated with other think tanks, including Chile’s conservative Liberty and Development Institute, in developing its ranking.

Hong Kong ranks as the most open economy in the world, a position it has held for 14 years. Singapore is in the second place position. These two economies, said the Heritage Foundation ranking, give individuals the greatest freedom to consume, invest and work -with little or no government taxation and control.

Chile’s weaknesses, according to the report, lie in its high income taxes and statistically lengthy procedure in closing a business. Tomas Flores, the key research economist for the study, stressed that Chile’s shortcomings relate to its income tax burden. “Because one is always taxed from the beginning, the state is an important partner in any business effort and therefore strips the investor of his freedom,” said Flores.

Publication: Santiago Times
Provider: Chip News
Date: January 17, 2008

Chile Enersis Eyes Additional 1,096 MW Capacity in Chile in 2010

Chilean largest electricity utility Enersis develops electricity projects with 1,096 MW installed capacity in Chile, planning to complete them by the end of 2010.

The ongoing projects will demand investments of nearly $1.0 bln (675.9 mln euro).

The said projects include San Isidro II that will have a total capacity of 377 MW by July 2009, whose investment is estimated at $229 mln (154.8 mln euro).

Furthermore, Enersis will soon complete a small 9.0 MW electricity plant, called Ojos de Agua, worth $20 mln (13.5 mln euro).

The other projects include the coal-fired expansion Bocamina II of the Bocamina thermoelectric plant in Biobio, worth $620 mln (419.1 mln euro), and the 240 MW Quintero thermal plant. The two projects are planned for 2010 and 2009, respectively.

Enersis also participates in the construction of the liquefied natural gas (LNG) port terminal in Quintero, which will start operations in the second half of 2009. Its estimated capacity stands at 9.0 million cu m.

Enersis controls the biggest electricity distributor on the local market Chilectra and the utility Endesa Chile.

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: January 17, 2008

Chile: HidroAysen issues CSR Data on studies for five plants in Chile

The HidroAysen venture issued the data on its corporate and social responsibility (CSR) studies for its proposed five hydropower projects in Chile that would have combined installed capacity of 2,750MW. More than USD 6 Million was spend on the CSR studies by HidroAysen, which is a joint venture of two leading energy companies in the country – Endesa Chile (51%) and Colbun (49%).

The studies were undertaken over 2006-7 and approximately 187,000 hours of work were investigated in the research undertaken by 370 specialists to investigate socio-environmental and economic issues. Public review of the information, data and methodology will be possible at a series of centres already set up for public consultation on the scheme.

HidroAysen hopes to commence the procurement process from 2009 and construction is targeted to be completed eight years later. The overall scheme consists of five plants on two rivers two on the Baker river and three on the Pascua river with annual average electricity production of 18,430GWh. All five schemes would require reservoirs to be built.

Publication: Euclid Infotech - Utilities News
Provider: Euclid Infotech
Date: January 17, 2008

viernes, 11 de enero de 2008

Hornitos, Quilleco hydro projects file for CDM registration

Two hydro projects being developed in Chile have filed Clean Development Mechanism (CDM) registration requests with the UN Framework Convention on Climate Change (UNFCCC), according to documents posted on the agency's website.

Chilean hydro generator Hidroeléctrica Guardia Vieja (HGV) submitted a CDM registration request for the 55MW run-of-the-river plant being developed in central region V on the Aconcagua river.

The US$62.8mn plant will reduce CO2 emissions by 110,160t/y, according to the documents.

Chilean generator Colbún, meanwhile, submitted a CDM registration request for the 70MW Quilleco plant being developed in central-southern region VIII.

The US$79.6mn plant will reduce CO2 emissions 172,176t/y.

Publication: Business News Americas - English News
Provider: Business News Americas
Date: January 11, 2008

miércoles, 9 de enero de 2008

Air Comet and Sky intensify Chilean domestic battle

Chilean carriers Air Comet Chile and Sky Airline are both opening new domestic connections, further inflaming a fierce competitive battle between the two.

Air Comet Chile, which is owned by Spanish tour company Marsans, has announced new routes to Temuco, Balmaceda and Puerto Natales.

Newly-appointed Air Comet commercial director Isabel Bachler says that, while Puerto Natales is a twice-weekly seasonal extension to the Punta Arenas route, Temuco and Balmaceda will be served daily all year.

"This is one more step to raise our current domestic market share from its current 17% to our strategic objective, which is 30%," she says.

Air Comet also plans to add Lima and Buenos Aires to its network of flights this year.

Chile's Sky Airline has responded by opening its own seasonal route to Puerto Natales, as well as launching daily flights to Valdivia and Osorno - new destinations on the airline's network.

Chilean market-leader LAN Airlines last year introduced a low-fare scheme on its local routes.

Publication: Reed Business Information - Air Transport Intelligence
Provider: Reed Business Information, The Flight Group
Date: January 9, 2008

martes, 8 de enero de 2008

Doggi's: Hot dog group branches out

Chile fast food group Doggi’s is set to expand the second half of 2008 with a new business concept based around ice cream and snacks. The group currently administers their namesake hot dog restaurant chain (Doggi’s) as well as Mamut (a family restaurant chain) and Sanguchazo (a sandwich chain).

The home-grown fast food group plans to open 25 new restaurants in 2008 bringing their chain to a total of 140 locations. Sixty percent of the new operations will be in Santiago and 40 percent in regional areas. The company already has national coverage, but plans to consolidate its position in Regions VII and VIII.

Doggi’s closed 2007 with US$60 million in sales; the company aims for US$72 million in sales in 2008.

“2007 was a great year, with strong expansion through the opening of new branches and an important increase in sales in our current network,” said general manager Mauricio Taladriz. “The opening of our 100th branch was emblematic, and consolidates us as the brand with the greatest coverage in the country.”

Taladriz said that there is no secret to their success: “We reorganized the businesses under a structure that permits us develop our current brands, without discarding the incorporation of new businesses to our portfolio.”

Publication: Santiago Times
Provider: Chip News
Date: January 8, 2008

miércoles, 2 de enero de 2008

EPA looks to invest US$40mn to keep up with bi-oceanic corridor

Northern Chile's Arica port concessionaire EPA plans on investing US$40mn through 2009 on infrastructure development, local publication Marítimo Portuario reported.
The initiative comes as the port prepares to cope with the expected increase in cargo resulting from the construction of a bi-oceanic corridor, known as Corredor Bioceánico Norte, connecting Arica, Bolivia and Brazilian port Santos.

Works will include upgrading the terminal's infrastructure, improving technology to streamline services and implementing more competitive rates.

The corridor will increase the amount of cargo coming from Brazilian states Amazonas, Acre, Rondônia and Mato Grosso, with a total of some 23mn residents, the publication quoted EPA general manager, Mario Moya, as saying.

Publication: Business News Americas - English News
Provider: Business News Americas
Date: January 2, 2008